Property tax in Montana: 0.72%
The median Montana homeowner pays $2,693 a year on a home worth $375,800, an effective rate of 0.72%. That ranks 32nd of 51, between Virginia (0.73%) and Mississippi (0.72%). At the median state's 0.8% the same $375,800 home would owe $301 more a year.
In dollars, Montana has the 18th-highest median home value and the 24th-smallest median bill of the 51. By home value it sits between Virginia ($383,700, taxed at 0.73%) and Connecticut ($366,900, 1.81%).
| Rank | State | Effective rate | Median bill | Median home value |
|---|---|---|---|---|
| 30 | Indiana | 0.74% | $1,614 | $218,200 |
| 31 | Virginia | 0.73% | $2,790 | $383,700 |
| 32 | Montana | 0.72% | $2,693 | $375,800 |
| 33 | Mississippi | 0.72% | $1,215 | $169,800 |
| 34 | New Mexico | 0.7% | $1,731 | $248,100 |
Montana property tax by home price
Statewide rate, before any homestead exemption.
| Home value | Per year | Per month | vs. median state (0.8%) |
|---|---|---|---|
| $190,000 (half the median) | $1,368 | $114 | −$152 |
| $375,800 (median) | $2,706 | $225 | −$301 |
| $565,000 (1.5× the median) | $4,068 | $339 | −$452 |
| $750,000 (twice the median) | $5,400 | $450 | −$600 |
Property tax by county in Montana
Yellowstone County (Billings), the largest Montana county, has an effective rate of 0.84% — above the statewide 0.72%.
| County | Main cities | Population | Effective rate | Median home value | Median tax |
|---|---|---|---|---|---|
| Yellowstone County | Billings | 167,340 | 0.84% | $317,600 | $2,669 |